Phone: 602-285-1433 Toll Free 866-585-1433
Practical Guide to Commercial Real Estate Development & Investment
objective: To provide the student with actual tools and understanding of the
steps to successful commercial real estate development and investment, and
pitfalls to avoid.
Instructor: Stuart Rider, seasoned 25+-year veteran, and SUCCESSFUL developer. Mr. Rider has developed office buildings, anchored retail centers, a Power Center, and many freestanding end user buildings, including "build to suit". His projects are in New England, the Atlantic coast, the Pacific coast states, the Caribbean, and here in the Southwest. He is willing to explain, in detail, each step of the development process.
I. Introduction and Overview Real estate as an alternative investment. Investment types, advantages and disadvantages of each. Basic criteria for site selection, steps for feasibility analysis, resources needed, entitlements and permits, pre-leasing, financing, contracts, leases, design and construction, management, operations, and sale. 3 hours General CE credit.
II. Land Purchase Agreement Statute of Frauds. Minimum requirements to be enforceable. Use of attorneys, Recourse, Default. Contingencies. Representations. Use of escrow. Clarity and mutual understanding. 3 hours contract law.
III. Site Selection and Title Relationship of site to investment objectives: speculation, short-term cash, or creation of income investment. Specifics of "location". Physical condition analysis, zoning and entitlements. Land acquisition and entitlement process. Decision-making. 3 hours General, CE credit.
Relationship of ownership structure to risk-reward and investment objectives and
V. Cost Control Minimizing monetary risk to equity investors. Accounting and
reports. Records for auditing.
VI. Financial Analysis Simple form for site selection step. Documentation required
for loans - disclosure and risk
Office, industrial and retail uses. Full service, " gross", net and
triple net lease structures.
Design Types of
office buildings. Floor planning, site plans, tenant mix and building design.
IX. Documentation Land
purchase agreement. Ownership documents. Development agreements, and zoning
Call 602-285-1433 for dates and locations.
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